28 Dec '15, 3pm

US Wind Capacity Tops 70 Gigawatts

US Wind Capacity Tops 70 Gigawatts

More than 70 gigawatts of wind power is installed around the U.S., according to new figures from the American Wind Energy Association. The milestone was hit in November. It took three years to get from 60 gigawatts to 70 gigawatts due to the temporary expiration of the Production Tax Credit in 2013, which brought new wind energy projects nearly to a halt. Graph: DOE The boom is back, however, and is expected to continue given the recent extension of the Investment Tax Credit and Production Tax Credit. The cost of wind has dropped by more than 60 percent since 2009, and AWEA expects further cost reductions given the policy certainty. AWEA did not give detailed forecasts, but said the tax credit extensions would support tens of gigawatts of new wind projects through 2020. This year saw about 500 megawatts of installed capacity across the U.S., from Maine to Oklahoma to Color...

Full article: http://www.greentechmedia.com/articles/read/u.s.-wind-cap...

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